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7020 Loud Island, Oscoda, MI, 48750

7beds
3baths
4,298sqft
$1,000,000
$233price/sqft
$7,762/moest. monthly cost
$310,480/yrincome needed

About This Home

Once a private retreat of Michigan lumber magnate Edward F. Loud and his family, Loud Island is over 30 acres of densely wooded bliss, set in Van Etten Lake just two miles from the gorgeous shores of Lake Huron in northeastern Michigan. Its perfect location puts you close to a public airport, over 230,000 acres of National Forest, the beautiful AuSable River and numerous golf courses. The historic cedar and hemlock lodge is set high on the peninsula of the island with breathtaking views to the east and west, start your day off with a cup of coffee and the sunrise and end the day with a glass of wine and the sunset! Extensive foundation-to-roof renovations done in the 1980's and 90's paid careful attention to preserving the lodge's original character. The 33x30 living room features custom California Redwood furnishings, the dining room seats 12, and the kitchen has been fully modernized. Seven bedrooms, three baths, a large sitting room, an office, and an exercise room round out the lodge's roomy interior. Next to the lodge you have a caretaker's home and a heated workshop. The primary power of electricity comes via underwater cable with Geothermal pumps to heat and cool the lodge. The island's central clearing, which houses maintenance equipment and a tractor, is also perfect for a helicopter pad. While ideal for a family sanctuary, Loud Island could easily be developed into a destination for numerous owners. Besides all furnishings included in this listing, a mainland lot on Loud Dr. is also included with docks and a boat well. This Michigan Island is a one-of-a-kind!

Getting Around

2
WalkingCar-Dependent
0
TransitVery Limited Transit
30
BikeSomewhat Bikeable

Schools

6/10
8/10
Oscoda Area High SchoolGrades 7-124.1 mi

Construction

Materials

  • Foundation: Crawl

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Main Level

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Door features: Doorwall
  • Finished area above ground: 4,298

Heating & Cooling

  • Heating features: Geothermal
  • Cooling features: Central Air,Geothermal

Interior Area

  • Total structure area: 4,298
  • Total interior livable area: 4,298 sqft

Property

Details

  • Parcel number: 06301720000200 and 064L9000000400

Features

  • Stories: 1
  • On waterfront: Yes
  • Waterfront features: Lake
  • Waterbody name: Van Etten Lake

Lot

  • Lot size: 34.40 Acres
  • Lot size dimensions: 34.40 ac

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Lightning
Winter Weather
Strong Wind
Tsunami

FEMA Declared Disasters in Iosco County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,056$60,672
Home Insurance *$530$6,360
Property Taxes $1,708$20,496
Electricity $468$5,625
Total$7,762$93,144
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$266,125/yr
40% on housing$232,860/yr
45% on housing$206,986/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.4%
9.4%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.1%
1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$233This listing

vs Other Active Listings

Avg $/sqft

ZIP 48750$138
Iosco County$136

vs Homes Sold Last Month

Median $/sqft

ZIP 48750
Iosco County$137

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-12-12Price change$1,000,000
2025-10-05Listed for sale$1,300,000
2025-01-05Listing removed$1,900,000
2024-08-14Listed for sale$1,900,000
2024-08-07Listing removed$1,900,000
2024-05-10Price change$1,900,000
2023-08-10Listed for sale$2,400,000

For Sale by Agent

AgentChad Schumacher
BrokerageHeritage House Realty, P.C

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